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Taiwan-invested firms on Vietnam list

HANOI--Four Taiwanese-invested companies have been included on this year's list of the 500 largest enterprises in Vietnam, which was recently unveiled by Vietnam Report Joint Stock Company and Vietnam Net.

On the VNR500 List 2013, the top company was PetroVietnam, followed by Samsung Vietnam Electronics Ltd. and Vietnam National Petroleum Group (Petrolimex), a report on showed.

The four Taiwanese-invested enterprises on the list were ranked 120th, 270th, 305th and 440th, respectively, according to the report.

The companies are Vedan International (味丹國際), a premier manufacturer of fermentation-based amino acids, food additives and cassava starch-based products; Phuc Son Cement Corp.; Phu My Hung Corp., a joint venture between CT&D Group of Taiwan (富美興集團) and City Government of Ho Chi Minh City; and Fulin Plastic Industry Co., Ltd. (富林塑膠), which is 100-percent Taiwanese invested.

The VNR500, now in its seventh year, honors the achievements of the largest enterprises that represent Vietnam's business community, according to the report.

The report said that state-owned conglomerates and companies dominated this year's VNR500 List, with eight of them in the top 10.

The top 10 firms accounted for nearly 39 percent of the total revenue of VNR500 companies in 2012, the report said.

VNR500 is based on international standards and determined by several factors, including profit, growth rates, labor, owner equity and total assets.

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